Guide to Opening Your Practice - Appendix 5

Fee Projections Worksheet

Use this format to make fee projections. Multiply your estimated monthly billable hours times your average billing rate to derive your projected billable fees. Multiply that by the percentage of fees actually billed to clients and by the percentage of billed fees you expect to collect from clients. The result is projected fees received.

  Jan Feb Mar Apr Mar Jun Jul Aug Sep Oct Nov Dec Total
                           
Billabe Hours Worked
                         
Average Billing Rate
                         
                           
Projected Billable Fees
                         
% Billed (Invoiced)
                         
                           
Projected Billed Fees
                         
% Collected
                         
                           
Projected Fees Received
                         
                           

David Epperson, CPA, is a Partner at Saville Dodgen & Company, an accounting firm, Dallas, Texas, (214) 922-9727,
depperson@sdc-cpa.com; www.savilledodgen.com